Pelosi: Most Americans Won’t Mind More “Stimulus” Deficit Spending
Building the case for a brand new jobs-creation bill, House Speaker Nancy Pelosi says most Americans would not mind inflating the already-gaping deficit in exchange for more jobs.
The California Democrat said on a conference call Tuesday that Americans could “absorb” the hit to the federal budget, and she argued that their biggest complaint is not that the deficit is big — it’s that they’re not seeing any benefit in return for increasing the U.S. debt load.
Despite the $787 billion stimulus package passed in February, unemployment climbed to 10.2 percent in October. While critics cite the jobless rate as a sign that the stimulus has failed, Pelosi argues that the federal government is just not trying hard enough.
“We have to shed any weakness that anybody may have about not wanting to be confrontational on this subject for fear that we’d be labeled not sensitive to the deficit,” Pelosi said, in a recording posted by Think Progress.
“The American people have an anger about the growth of the deficit because they’re not getting anything for it.”
So, the massive deficits that have accelerated in growth since Democrats took office in 2006, and since Obama took office earlier this year, would be ok if Americans were getting something for all the spending?
That’s like saying it’s ok to max out your credit card as long as you got a nice new television for it. Forget that you’ll eventually have to pay that credit card balance. With interest.
Our children and grandchildren are staring down the barrel of a lifetime of punishing taxes to pay off these deficits. Our international creditors are considering an end to their financing of our deficits. But Nancy Pelosi?
All she can think of is more spending.
